Naturally, the news part–which not only has Fox News, but also the Wall Street Journal and several other publications around the world–will retain the News Corporation name. The part that handles movies, television, media and so on will come to be known as Fox Group. It’ll also take care of the direct satellite broadcasting.

There’s a snide remark in there somewhere about whether Fox News will separate the news from the entertainment, but I’m not going to go there.

It is worth mentioning, though, that they will be ending publication of The Daily iPad-only newspaper on December 15. The associated team and assets are getting folded into the NYT.

[Source]

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Remember that News Corporation was founded by Rupert Murdoch and it’s the same vehicle that drives the rhetoric at Fox News, the much aligned network that is oftentimes the brunt of the jokes on The Daily Show and The Colbert Report. Far be it for me to call myself a political pundit, but there you go.

In any case, it sounds like Apple VP of Internet Services Eddy Cue will be on hand for an event at the Guggenheim Museum in New York for the announcement. After all, Steve Jobs is still at home, slurping down some chicken noodle soup and trying to feel better. (The world misses your “one more thing” and black turtlenecks already!) Word on the web calls for iTunes-fueled subscription billing at 99 cents a week.

What do you think? Do you still pay for the news or are you perfectly satisfied with reading the overflowing onslaught of material freely available on the web?

[Giz via J.W. Peters]

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